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Percolator

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Percolator

Percolator is a permissionless perpetual futures platform based on Solana that allows creators to launch a leveraged market for any SPL token in 60 seconds. Forked from Anatoly Yakovenko's open-source reference program and extended on chain with LP vault, transferable Token-2022 NFT positions, dispute resolution, and audit-crank invariants.
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What is Percolator?
Percolator is a high-performance, decentralized perpetual futures exchange (perp DEX) built natively on the Solana blockchain. Designed by Solana co-founder Anatoly Yakovenko, the project introduces a sharded matching engine architecture to deliver centralized exchange (CEX) level speed and execution quality within a fully on-chain, self-custodial environment.
How Does Percolator Work?
The protocol utilizes a two-program structure consisting of a 'Router' and modular 'Slabs.' The Router manages collateral, portfolio netting, and atomic routing, while Slabs function as independent trading engines operated by liquidity providers. This sharded design allows multiple trading engines to run in parallel, preventing network congestion and ensuring that a bug in one market slab does not impact others.
What Makes Percolator Unique?
Percolator is unique for its 'sharded matching engine' (Slabs), which allows for permissionless market creation for any SPL token in seconds without governance hurdles. It features a coin-margined collateral system that removes dependency on USDC and implements a 'crank' system for efficient liquidations and funding rate updates, pushing the boundaries of Solana's high-throughput capabilities.
Who Are the Founders of Percolator?
The project was initiated by Anatoly Yakovenko, the co-founder and CEO of Solana Labs. Yakovenko, a former software engineer at Qualcomm and Dropbox, is widely recognized for his expertise in distributed systems and for inventing Proof of History (PoH). The protocol is currently an open-source reference implementation being further developed by the Solana community.

Latest news

What Key Events Have There Been for Percolator?
Significant milestones include the initial publication of the 'implementation-ready' blueprint on GitHub in October 2025 and the subsequent launch of the devnet for stress-testing. Community-led forks have since emerged, successfully launching early versions of the platform and integrated community tokens to foster ecosystem growth.
Project Announcements
Recent updates focus on the completion of core data structures, including the Router and Slab memory pools. Developers are currently working on finalizing the liquidation engine and account validation features to prepare for full-scale mainnet deployment.

Upcoming events

Latest Airdrop
While no official token airdrop has been confirmed by the core developers, early devnet users and community contributors are widely expected to be eligible for future rewards once the mainnet and official tokenomics are finalized.
ICO Time
There is currently no official ICO scheduled for an official Percolator governance token as the project remains in an experimental and community-development phase.
IDO Time
No official IDO has been announced. Existing $PERC tokens in the market are community-led meme or awareness tokens and were not launched via a formal protocol IDO.
TGE Time
The Token Generation Event (TGE) for a native protocol token is yet to be determined, pending the successful transition from devnet to a fully audited mainnet launch.

Project announcements

Where to Buy Percolator?
The community-led Percolator token ($PERC) is primarily traded on Solana-based decentralized exchanges such as Jupiter and PumpSwap, as well as being accessible via the Bitget Wallet DEX.
Percolator Price
Daily Trading Volume
$179,410 USD, reflecting active community interest in the project's early experimental phase.
All-Time High
$0.0102 USD reached on February 20, 2026; current prices represent a significant correction as the project matures.
All-Time Low
$0.0016 USD recorded on May 28, 2026, followed by a recovery trend as development updates were released.
Market Cap and Valuation
Market Cap
Approximately $2.81 Million USD, ranking it among emerging micro-cap DeFi initiatives on Solana.
Fully Diluted Valuation
Estimated at $5.71 Million USD based on a maximum supply of approximately 1 billion tokens.
Percolator Price Prediction
There are currently no available forecasts from reliable institutional experts or publications. Price action is currently driven by developer activity on GitHub and community sentiment regarding the potential for Percolator to rival established perp DEXs like Hyperliquid.
How to buy Percolator?
To purchase Percolator, follow these simple steps using the Bitget Wallet:
Download the Bitget Wallet: Download the app from the official site or app store.
Create an Account: Set up your wallet and secure your recovery phrase.
Fund Your Wallet: Deposit SOL or USDT (Solana) into your wallet.
Navigate to the Market: Use the in-app browser or DEX swap feature to search for the Percolator token (verify the contract address).
Place Your Order: Select the SOL/PERC pair, enter the amount, and confirm the swap.

FAQ

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Disclaimer & risk notice: Some content on this page may be AI-assisted or generated and is for general reference only. For the most accurate and up-to-date information, please refer to the project's official website. Bitget Wallet values every partnership. If you find any issues or inaccuracies, contact us at [email protected] — we appreciate your feedback and will continue to improve.